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Broadband

Gema FY revenues top EUR 1 bln on online music rights

Monday 17 April 2017 | 10:35 CET | News
German copyright manager Gema has announced record results for 2016, with revenues rising to EUR 1.024 billion, thanks largely to an improved agreement with YouTube. Revenues rose almost 15 percent compared to 2015, after the new deal agreed with YouTube in November 2016. This helped online music revenues double to EUR 81.6 million. Gema also collected increased revenue from manufacturers of smartphones and tablets, leading to equipment revenues of EUR 97.9 million versus EUR 16.3 million in 2015. Revenue from other sources was largely stable.

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Categories: Internet
Countries: Germany
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